Email Address *
* Required Field
Stay up-to-date and engaged with the latest industry-related news.
“This is our last chance. If we don’t seize it, Japan will be left out,” declared Japanese Prime Minister Shinzo Able in a televised address last Friday, calling for his country’s support in joining the U.S. and 10 other parties in the Trans-Pacific Partnership (TPP) negotiations.
The American Chemistry Council is among several business groups that would welcome Japan to the TPP talks. Here are 3 reasons why.
A robust, agile U.S. trade agenda is essential to U.S. economic expansion and job growth. That’s why ACC supports a high-standard, comprehensive, and ambitious TPP that would eliminate remaining chemical tariffs on entry into force, reduce non-tariff barriers, and address commercially strategic trade issues such as trade facilitation and regulatory coherence.
The global market for chemistry is intensely competitive, and the advancement of comprehensive and commercially meaningful free trade agreements such as the TPP would provide a significant boost for U.S. chemical manufacturers, which are already amongst the most competitive in the world thanks to increased supplies of low cost shale gas.
American chemistry is also one of the nation’s largest exporting sectors, with nearly $189 billion in exports in 2012, accounting for 12 percent of all U.S exports.
Science is essential to understanding the world’s most pressing challenges and to overcoming them.
A first-of-its-kind, leading economic indicator that helps anticipate and highlight potential trends in other industries in the U.S.